| If your business owns a vehicle that is available for an employee's personal and business use, the vehicle is nevertheless considered used 100 percent for business on the business tax return. The personal-use percentage is included on the employee's W-2 as an additional compensation. |
| If you paid qualifying tuition and related expenses in 2011, you may be able to deduct up to $4,000 of the costs or qualify for a tax credit. |